The ongoing Lok Sabha elections in India have led to significant volatility in the stock market, with key figures like Union Home Minister Amit Shah, Union External Affairs Minister S. Jaishankar, and Finance Minister Nirmala Sitharaman addressing the issue. Market indices like Sensex and Nifty have been affected, with concerns over the election outcome driving fluctuations. Sitharaman expressed confidence in PM Modi's victory and emphasized the importance of government stability for financial markets.